03-10-2013, 06:17 PM
[quote='NTL' pid='63236' dateline='1380789886']
Hi Greenrookie,
I believe you had read the report wrongly. The $1.135 is the present stock price. Their target price based on their assessment is $0.98.
Their previous target price on 12 Aug was $0.93. Their previous call was HOLD when the share price was $0.94. Now that the price had raised so much, maybe thats why they think it should be a sell?
I do not know exactly how each of those factors quoted going to affect the ship building price, so I just quote their concluding sentence, which I think is the essence of their report.
[quote]
We believe that for a healthy recovery for the Chinese shipbuilding sector, events need to unfold in the following order:
Flushing out of excess shipbuilding capacity -> Firm economic recovery drives shipping demand -> Ship owners place orders for new ships in anticipation of increase in demand -> Increased tightness in shipyard capacities -> rise in shipbuilding prices
[unquote]
True or not, I dunno.
[/quote]
Haha me foolish. Then it's right. Haha. This hold analysis followed by sell has more credibility than other that upgrade price targets fast and furious. Thanks for pointing it out NTL
Hi Greenrookie,
I believe you had read the report wrongly. The $1.135 is the present stock price. Their target price based on their assessment is $0.98.
Their previous target price on 12 Aug was $0.93. Their previous call was HOLD when the share price was $0.94. Now that the price had raised so much, maybe thats why they think it should be a sell?
I do not know exactly how each of those factors quoted going to affect the ship building price, so I just quote their concluding sentence, which I think is the essence of their report.
[quote]
We believe that for a healthy recovery for the Chinese shipbuilding sector, events need to unfold in the following order:
Flushing out of excess shipbuilding capacity -> Firm economic recovery drives shipping demand -> Ship owners place orders for new ships in anticipation of increase in demand -> Increased tightness in shipyard capacities -> rise in shipbuilding prices
[unquote]
True or not, I dunno.
[/quote]
Haha me foolish. Then it's right. Haha. This hold analysis followed by sell has more credibility than other that upgrade price targets fast and furious. Thanks for pointing it out NTL
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance